NAACP To Open "Financial Freedom Center"

BALTIMORE - The NAACP and Wells Fargo will come together to announce the opening of the “NAACP Financial Freedom Center” in Washington D.C., on Monday.

The Center is the next phase of an historic agreement with Wells Fargo to provide financial education and banking resources to consumers. April is financial literacy awareness month. The NAACP Financial Freedom Center will provide workshops on such topics as money management and home preservation through partnerships with the community groups in the D.C. area.

The Center will be headquarters for the NAACP Financial Freedom Campaign, an initiative to influence change in the banking industry, protect the community against predatory lending practices, improve fair credit access and promote sustainable homeownership, financial education and wealth-building strategies in historically disadvantaged communities. 

Principals of the NAACP and Wells Fargo, including President and CEO Benjamin Todd Jealous, Jon Campbell, EVP, Social Responsibility Group for Wells Fargo and Mike Golden, Washington, D.C. regional president, will be on hand for the ribbon-cutting ceremony beginning at 10:00 a.m.